Simple, Fair, Affordable Personal Loans

Many people have to use personal loans to make repairs to their cars, trucks or SUV’s. When thing go wrong with your vehicle and the warrantee has expired, it can cost you quite a bit of money to repair. When you are purchasing a used car it is usually wise to purchase an extended warrantee to protect yourself from costly repairs, just read the fine print and make sure that there are no loop holes in the contract and that you will get the most protection for you dollar.

Using a personal loan for auto repairs is a common practice, but you do not want to be throwing away your hard earned money for repairs that could have been avoided. Preventive maintenance is a good way to keep your vehicle in tip top shape. Many newer vehicles do not require that you change your oil every three thousand miles as most people do. It definitely will not hurt your vehicle, but you can actually go between seven and ten thousand miles without an oil change. This can add up to a significant amount in savings over the life of the ownership of your vehicle. If you have the know how to change your own oil, it could be a little more expensive, but will save you time in the long run.

If you have some mechanical prowess doing your own repairs can definitely save you money, but just make sure you are not getting in over your head. Repairs by the do it yourself are manageable on older model cars, but newer models require specialty tools and knowledge to work on them. If you are not sure what you are doing with a repair, it is much better to have a professional do it rather than risking getting into the project and realizing that you have just wasted time and money only to have to have your vehicle towed to the local shop.

Taking out a personal loan for a vehicle repair is common practice when it is necessary, just make sure that you are not putting too much into the vehicle. Make sure the repairs are worth the cost. If you can keep your car in tip top shape then you can keep it running for 150,000 – 200,000 miles which is much better than buying a newer car every few years. A little preventative maintenance goes along way in the life of your car.

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Is it wise to use a personal loan to pay your typical monthly bills? The best practice is not to do so, but in these trying economic times, this may be your only choice. If you are faced with this decision, then you have probably had a drastic change in your income level, or you have not planned accordingly with the bills that you have.

If your household income has been affected by a layoff or a cut in hours then this may have been an unforeseeable misfortune and you have not had the proper time to adjust your lifestyle in accordance with the lower income level. The question you must answer is how you are going to be able to pay for the added monthly bill of a loan payment. Taking out a personal loan may get you through a few months of bills, but you must act in accordance with the fact that you can no longer afford what you have been used to. The personal loan will buy you some time to help you get through these difficult times, but cutting back on your monthly expenses is the only way you will effectively be able to overcome this problem

Most people feel that they will be able to use a loan to get them out of this jam, but finding a new job or supplemental income is taking people longer than they have imagined. If you do not adjust your lifestyle to accommodate your lower income, you will find yourself in much more financial trouble after the loan has been spent. You really have to take a hard look at what is absolutely necessary and what could be considered a luxury. Downgrading your vehicle to something more affordable is a good place to start.

Now, if you are not affected by a job loss and still need a loan to help with bills, then you are living beyond your means. Sometimes emergency things come up in life and you have to spend money on things that you were ready for. This is totally understandable and a personal loan can be a big help if this is your situation, but if you are just letting your monthly expenses get away from you, then it is time to take a hard look at what you are spending your money on. No more nightly dinners out and shopping sprees that break the bank. You have to be wise and spend the money that you have, not the money you can borrow.

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It’s that time where you are in need of a new or newer vehicle. You current mode of transportation has been good to you in the past, but it’s just costing too much in repairs or just isn’t as reliable as it used to be.  This situation happens thousands of times across the country every day. The problem is that you don’t have the money to buy a newer car. Let’s take a look at obtaining a personal loan or going to a buy here pay here car dealership.

Buy here pay here dealerships can be a good choice for many people that need to get into something fairly quickly. It can be a good alternative to taking out a loan in some cases. Usually people that do not have good credit can benefit from this situation. Most buy here pay here car dealers will not even run a credit score on their customers and require a small amount of money down on the purchased vehicle. One problem is that their inventory tends to be a bit on the older side. You usually do not have access to later models and you could end up swapping out your older paid off car for a car that you now owe money on and still has some problems.

Another instance with these types of dealerships is the amount of money you are actually paying for the vehicle. They will charge you quite a bit more money than the car or truck is actually worth. They know that you may be in a desperate situation and they have the upper hand. You could be paying 20%-25% more than the vehicle is valued at just to able to use their easy, no credit check method of getting you into a car.

Another problem is that they take “low” weekly payments. This sounds enticing at first. When you are trying to figure out your payments and they present a low weekly payment of $75.00 this sounds like you should have no problem making that payment. Who can’t afford $75.00 a week? Well, a lot of people can’t afford that payment. That’s a $300.00 per month payment. You can buy a brand new Mercedes for that amount of money. Add on your car insurance and you end up with a hefty car bill each month.

Taking out a personal loan gives you many advantages when it comes to buying a used car. The dealership will haggle the price down quite a bit because you are essentially paying them cash at the deals end. You will also gain a positive credit score when the loan is paid off. At the buy here pay here places, you can only achieve a negative score if default on your payments, they usually don’t report to the credit agencies.

Just be weary of a deal that sounds too good to be true. If you can obtain a personal loan for your newer car, then take it. It’s easier to afford and will actually save you money in the whole scheme of things.

When times are tough financially, many people need a little bit of help to get them through. Many circumstances come up in everyday life, where some extra cash is necessary. Personal loans and payday advances are a few of the tools that are commonly used. Let’s take a look at both of these options and weigh the pros and cons of each choice.

Things come up every once in a while that require money that you just don’t have. Car repairs and medical bills are just a few to mention. Many people live paycheck to paycheck and just do not have the extra money in their budgets to cover these unforeseen expenses. Using a payday advance is one option that many people utilize to cover these charges. This is a good solution in many incidences, but it can strain your bank account tremendously. A payday advance is exactly what it implies. You are in essence borrowing money from these types of businesses with the promise to pay back the money the next time you get paid.

In reality you are not adding extra cash to your financial profile, just receiving it earlier than normal. The unexpected expenses are still eating up a good portion of your monthly income and a payday advance can get you behind on all of your bills, which can take you months to catch up and hurt your credit score. Plus, these types of businesses that offer payday advances usually charge large fees for this service. Many places will charge up to forty percent of the advance. That is quite a bit of interest to be paying for an extremely short loan.

Taking out a personal loan to help with these unfortunate bills could be the smartest choice in the long run. If you can obtain a personal loan with a reasonable interest rate you are already saving money over the payday advance. The loan also helps your budget by adding money, not just shifting accessibility to it in your overall financial situation. It is easier to pay back the personal loan over a longer period of time and it will not put you in a major bind when it comes to paying your other expenses. Another benefit to using a personal loan is that it will help your credit score, the only thing a payday advance can do is hurt your credit, if you cannot pay it back when due.

Overall both forms of financial help can be beneficial, but in the long run a personal loan is usually the better choice.

It’s time for a new car. This can be a very exciting time and also a very stressful time in someone’s life. Buying a new car is a milestone in most everyone’s life and the first new car a person buys is a huge step in one’s life. However, it can be a mistake.

Buying brand new is one of the biggest financial losses that a person can make. The second you drive that brand new vehicle off the lot it loses twenty to thirty percent of its original value. If you spend twenty thousand dollars on a brand new car you are losing four thousand dollars the second you start it up to take it home.

Everybody wants to have a brand new car, but by buying a slightly used model you can save thousands of dollars. There is no doubt the feeling that you get from being the first owner of the car of your dreams, but is it worth that money that you are losing through depreciation? That new car smell and the idea of being the first owner is a very intoxicating feeling, but none the less, a mistake in the long run.

Now, if nobody bought new cars then there wouldn’t be new cars to buy. The smart buyer is the one who buys a used late model car and gets the same vehicle for a fraction of the price than that of the new car buyer.

Is this day of age the car market is more competitive than ever. The quality of the cars on the market is at the best that it has ever been. The slightly used car is going to be just as reliable as the brand new purchase of the same model. You actually can get a much better automobile for the same price that someone is paying for a new car. Instead of spending twenty five thousand dollars on a brand new Toyota, your twenty five thousand dollars will get you into a four or five year old Lexus. Your dollar goes a lot further. The manufacture’s warrantee follows the car, plus you can usually purchase additional protection from the dealer for your vehicle.

Taking a personal loan for the purpose of buying a used car give you much more negotiating power when it comes to dealing with the dealership. By having the cash on hand, the dealership haggles with you on the price, rather than having to wait for approval from a bank for a loan on the car.

One cannot argue that buying a brand new car is a great feeling, but so is saving thousands of dollars. Just make sure you get a CarFax report and have a mechanic check out your used car before you buy it. Make sure that all of the maintenance records are available and that the vehicle is in very good shape.

You have a big problem, your car needs some major repairs and you do not have enough money to cover the costs. There are several factors that you want to look into before you decide to take out a personal loan to cover the repair costs.

Obviously this car has expired its manufactures’ warrantee and the vehicle will be a little bit older in age. Has the car provided you with sound, reliable service? Are other repairs in the future? If you know your vehicle well and have just had a bit of bad luck, then yes, take a personal loan to fix the problem.

If the car or truck in question can be on its last legs, you are better off cutting your losses and using the money borrowed to buy a newer vehicle. You do not want to get into a situation where you become “Car Poor”; the amount that you have spent on the vehicle exceeds its actual value.

The major factors depend on what the problem with the vehicle is. Major engine problems will tend to lead to a lot of other problems that can cost more money down the road. You may have cooling issues or oil problems that will cripple the car’s usefulness. Suspension problems are an easy fix and I recommend that you take a loan on these issues; it’s just wear and tear.

If you are fixing up an older antique car, then a personal loan to help you with the cost is recommended. You will get your money back if you know what you are doing.

If you have a car that is worth less than $5000.00 by the “Kelly Blue Book” value, then you do not want to spend more than $1000.00 on repairs. If you have the credit for a personal loan, you have used car credit. You are better off taking a loan for another car than fixing a vehicle that will continue to be a costly issue.

Make sure that you feel that the vehicle is worth the investment. If you are in this situation, be sure that you know your vehicles history and have faith that the money spent will be worth it. You do not want to spend a lot of money on a car that will have more problems ahead of it. If the vehicle has been loyal and needs a minor repair to keep it running smoothly, take out the loan.